After Lanco Infratech announced recently the formal termination of coal supply pact with the company, Australia's Perdaman Industries termed the Indian group's move as "wrongful".
Perdaman in a statement said that "Immediately upon receipt of the purported notice of termination Perdaman gave notice to Griffin Coal and Lanco that the purported termination was wrongful and a further breach of the Coal Supply Agreement (CSA) by Griffin.”
Amid the two companies locked in a AUD 3.5 billion legal tussle in Australia, Griffin Coal a subsidiary of Lanco has terminated the coal supply agreement with Perdaman Chemicals and Fertilizers.
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